4//SEC Filing
HALCON RESOURCES CORP 4
Accession 0001209191-16-141273
$BATLCIK 0001282648operating
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 6:09 PM ET
Size
14.1 KB
Accession
0001209191-16-141273
Insider Transaction Report
Form 4
CHRISTMAS JAMES W
Director
Transactions
- Other
Common Stock
2016-09-09−60,000→ 0 total(indirect: By IRA) - Other
Common Stock
2016-09-12+1,767→ 1,767 total(indirect: By IRA) - Other
5.75% Series A Preferred Stock
2016-09-09−2,000→ 0 totalFrom: 2013-06-13→ Common Stock (64,980 underlying) - Other
Common Stock
2016-09-12+5,373→ 5,373 total - Other
Common Stock
2016-09-09−182,428→ 0 total
Footnotes (3)
- [F1]On July 27, 2016, the Issuer and certain of its subsidiaries (the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On September 8, 2016, the Bankruptcy Court entered an order confirming the Debtors' Amended Joint Prepackaged Chapter 11 Plan Under Chapter 11 of the Bankruptcy Code, dated as of September 2, 2016 (the "Plan") and on September 9, 2016 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from the chapter 11 cases. On the Effective Date, all outstanding shares of the Issuer's common stock (the "Old Common Stock") were cancelled and extinguished.
- [F2]New shares of the Issuer's common stock, par value $0.0001 per share (the "New Shares") were issued to the Reporting Person pursuant to the Plan in exchange for Old Common Stock held by the Reporting Person on the Effective Date under the Plan. The Reporting Person received 1 New Share for every 34 shares of Old Common Stock held by the Reporting Person on the Effective Date of the Plan. The receipt of New Shares was involuntary, without consideration and in accordance with the Plan approved by the Bankruptcy Court.
- [F3]In accordance with the Plan approved by the Bankruptcy Court, the Issuer's 5.75% Series A Cumulative Perpetual Convertible Preferred Stock ("Preferred Stock") was cancelled on the Effective Date and holders of the Preferred Stock received their pro rata share of the Preferred Stock Cash Distribution (as defined in the Plan). Such exchange was involuntary, without consideration and in accordance with the terms of the Plan.
Documents
Issuer
HALCON RESOURCES CORP
CIK 0001282648
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001282648
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 6:09 PM ET
- Size
- 14.1 KB